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I Told You So

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Everything posted by I Told You So

  1. Merv knows his position is secure for the next 4 years and Gordo and Darling will be he gone in 7 months, why not tell a few home truths. Go Merv
  2. Goldbug predicted gold would fly today as big banks who shorted it have to close positions today. $1008 up $14 looks like he was right
  3. how can the US have deflation when their currency is collapsing with still further to go? ditto UK desperate efforts to prop up the $ and bring down gold, but they can no longer compete with the unstoppable forces of China, India and Russia
  4. Unless you gold bears believe that there will be a magical recovery in the $ then Au will continue to rise along with silver/oil. And when you take into consideration the endless money printing by helicopter Ben any recovery in the $ is an impossibility. Just take a look at the US$ index pleeeeeeeeeeaaaaaasssssseeeeeeeeee
  5. £/euro 1.10 £/$ 1.62 reality has dawned in the FX markets, even though the $ is collapsing against the Euro and most other currencies but according to the BoE and GB deflation is still a big risk, oh please
  6. the $ is collapsing, inflation is not falling back as much as anticipated and will soon rise in US and UK, China encouraging there people to buy gold/silver maybe it will pull back temporarily but 1200/1300 is where its going before year end
  7. This is a mess The run on the £ has begun (1.11euro) and its only going to get worse , further stoking inflation. Expect failed bond auctions begging to the IMF and big rises in IR's. Labour really have gone and done it this time.
  8. Agreed I have noticed prices rise in many basic items in the last few weeks, bread/milk/crisps generally 3-5%. CPI is not going to stay low for long as soon last years high oil price drops out of the mix 3%+ here we come. Oil price started to drop last Sept/Oct and by Nov it was $65, BoE are going to be in a pickle in 2/3 months time
  9. from Moneyweek email today re China's shift to precious metals The government is telling its people to buy gold. What’s more, every bank will sell gold and silver bullion bars in four different sizes to individuals, and China’s largest bank, the ICBC, is setting up a precious metals department to handle growing investor demand.
  10. Looks like the world has eventually realised that the USA is finished (along with the UK) Gold $1010 Silver $16.80 $index 76.6 The shift away from the $ has begun, expect huge gains in $ denominated commodities/precious metals The Fed must be doing cart wheels right now trying to suppress gold and silver
  11. I have some friends who work in estate agents in a posh part of London, who tell me that Aug was surprisingly busy but now they are totally dead. wonder if anyone else has heard this?
  12. After all these years I am still at a loss to understand why house price indexes produced by banks and building societies are given the time of day. VI's the lot of them
  13. £/$ now 1.625 and againt the Euro 113.9 Is this the start of a massive run, have the currency markets woken up to the true state of the UK's finances?
  14. When the £ and the $ collapse against most major currencies you will soon see the effect on interest rates. We are heading to situation where no one will want to buy our debt and hence rates will have to rise, dramatically. As we've seen today borrowing this year of £175Bn is way off the mark and the 'experts' are already expecting another 20 on top and that's just for starters.
  15. Why do you think rates jumped to 15% in 1992, do you honestly think the bank/gov wanted to do that? they had no choice total loss of confidence in the £ What do you think is going to happen again in the not to distant future
  16. ultimately the £ and $ will be devalued to such an extent that the cost of oil and other commodities will be huge, pushing inflation in these regions to unimaginable levels. don't think we will bounce back to how it was 3 years ago, we have been so badly mismanaged by Labour it could take decades for us and the States to pull out of this mess.
  17. FFS how much longer will this farce go on. There will be no deflation, we are heading for major league inflation, a run on the £ is inevitable only making inflation worse. GB and the BoE have lost all credibility how long til the markets wake up???????????
  18. They've been consistently wrong for years now, why anyone listens to their readings of the tea leaves is beyond me. Guaranteed they will say deflation is a threat and predict very low inflation for years to come, which will be proven to be totally wrong as the the year progresses. weakening pound + rising oil + rocketing sugar + most commodities rising = huge inflation Yes it really is that simple
  19. Also up 30% in India today anyone who thinks oil won't go through the roof is deluded inflation here we come
  20. The way I see it the £ is hugely overvalued at the moment, the GDP figures are way off target and Darling's estimate of £175bn of debt this year is going to be way out. Unemployment still soaring etc etc etc Surely the markets are going to wake up to this soon, leading to a run on the £ and desperate IR hikes????? October
  21. Of course it has nothing to do with the banks who made a conscious decision to keep upping peoples limits with out asking them, then raised the IR to incredibly high levels?? There's blame on both sides
  22. to be fair Brown chose to change the inflation measure and set the target, his meddling left merv no swerving room. If brown has stuck to the original inflation measure then IRs would have gone higher earlier and nipped the housing bubble in the bud.
  23. do you thinks hes thrown the towel in, can't get Labour to take any action on his warnings so down to Wimbledon
  24. Merv sitting smuggly on centre court watching Murray, I'm sorry but that's not good PR
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